Check out the companies making headlines after the bell: Nike stock fell as much as 4.5 percent in after-hours trading despite reporting first-quarter earnings numbers that beat on the top and bottom lines. The company posted earnings per share of 67 cents, higher than analysts’ estimates of 63 cents per share. Nike’s quarterly revenue came
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The cryptocurrency industry has a plea for Congress: Hurry up and regulate, please. More than 50 industry participants gathered on Capitol Hill for a roundtable discussion hosted by Rep. Warren Davidson, R-Ohio, Tuesday. Although attendees varied, none were from anti-establishment groups popular in the cryptocurrency space, nor did they include retail investors who bought bitcoin
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Square could rattle the payments industry in the same way Facebook, Amazon, Netflix and Google shook up other traditional markets, according to one analyst. Because of that potential, Nomura Instinet is advocating an “S” for Square be added to the high-growth, so-called “FANG” group. “Similar to FANG stocks that have disrupted traditional markets with massive
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Portfolio manager Joel Greenblatt is probably best known for creating Magic Formula Investing — a simple way to find good businesses at reasonable-to-cheap prices. Before that, he wrote a book called You Can Be A Stock Market Genius, which discusses spinoff stocks and other less-known investment strategies. The fact is, spinoff stocks make outsized returns for
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Since early June, Intel (NASDAQ:INTC) shares have been in an awful downward spin. Note that Intel stock price has gone from $57.60 to $46.40. This actually puts the shares near bear territory, with a return of -19%. The selling pressure on Intel stock should not necessarily be a surprise. Keep in mind that the chip
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Changes to the Global Industry Classification Standard (GICS) come this week with the debut of the new S&P 500 communications services sector. As a result, the market will characterize more equities as “communications stocks.” Internet search, social media, mass media, telecom and electronic gaming stocks will make up the bulk of this sector. The communications
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In early June of this year, J.P. Morgan strategist Marko Kolanovic made a startling statement. Since March, President Donald Trump’s tough stance on fair trade practices have evaporated more than $1 trillion in market value. Such a drastic impact exponentially raises interest in safe dividend stocks to buy. Of course, since Kolanovic’s analysis went public,
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